Help Consumers Enter Household Income

It is important that consumers applying for health coverage accurately answer household income questions so they receive the right amount of financial help.

Entering the correct income information ensures that the consumer enrolls in the correct program and gets the most amount of financial assistance available, but that he doesn’t underestimate income and end up having to repay tax credit that was incorrectly received.

To help with income calculation, we want to share with you these three important tools:

This printable fact sheet (PDF) provides a quick guide for consumers to determine who should be included (or not) in their household when applying for coverage through Maryland Health Connection and what income to include.

The fact sheet also lists deductions that consumers may be able to take to reduce their countable income.

Consumers who can use their most recent tax return to determine yearly income may also find these steps below helpful to calculate Modified Adjusted Gross Income (MAGI):

About “The Classroom”

“The Classroom” is Maryland Health Connection’s blog for its consumer assistance community, including navigators, authorized brokers, certified application counselors, caseworkers and call center staff. Check here for updates on training, website releases, new tools, and other helpful information as you help get Marylanders covered through the health insurance marketplace.